Corning (GLW) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GLW shares.
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10 Wall Street research analysts have issued twelve-month price targets for Corning's shares. Their GLW share price forecasts range from $33.00 to $42.00. On average, they anticipate the company's stock price to reach $39.00 in the next year. This suggests a possible upside of 29.7% from the stock's current price.
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Corning's stock was trading at $31.94 on January 1st, 2023. Since then, GLW stock has decreased by 5.9% and is now trading at $30.07.
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Corning saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 7,900,000 shares, a decrease of 12.0% from the August 15th total of 8,980,000 shares. Based on an average daily volume of 4,200,000 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.0% of the shares of the company are sold short.
View Corning's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our GLW earnings forecast.

Corning will be holding an earnings conference call on Tuesday, October 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Corning Incorporated (NYSE:GLW) announced its quarterly earnings data on Tuesday, July, 25th. The electronics maker reported $0.45 earnings per share for the quarter, hitting analysts' consensus estimates of $0.45. The electronics maker earned $3.48 billion during the quarter, compared to the consensus estimate of $3.48 billion. Corning had a trailing twelve-month return on equity of 13.22% and a net margin of 4.72%. Corning's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS.
Read the conference call transcript.

Corning announced a quarterly dividend on Wednesday, June 21st. Investors of record on Thursday, August 31st will be paid a dividend of $0.28 per share on Thursday, September 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Wednesday, August 30th.
Read our dividend analysis for GLW.

ETFs with the largest weight of Corning (NYSE:GLW) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), ProShares S&P Technology Dividend Aristocrats ETF (TDV), ALPS Sector Dividend Dogs ETF (SDOG), US Equity Dividend Select ETF (RNDV), ASYMmetric Smart S&P 500ETF (ASPY), Motley Fool Next Index ETF (TMFX), WisdomTree U.S. AI Enhanced Value Fund (AIVL) and SPDR S&P Kensho Clean Power ETF (CNRG).

Corning (NYSE:GLW) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.62%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 153.42%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GLW will have a dividend payout ratio of 48.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GLW.

Corning updated its third quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) guidance of $0.45- for the period, compared to the consensus earnings per share estimate of $0.53. The company issued revenue guidance of $3.50 billion-$3.50 billion, compared to the consensus revenue estimate of $3.70 billion.

413 employees have rated Corning Chief Executive Officer Wendell P. Weeks on Glassdoor.com. Wendell P. Weeks has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Corning investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), AT&T (T), QUALCOMM (QCOM), Micron Technology (MU), Advanced Micro Devices (AMD), General Electric (GE), Walt Disney (DIS) and Johnson & Johnson (JNJ).

Corning trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLW."

Corning's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (6.84%), State Street Corp (3.70%), Geode Capital Management LLC (1.91%), Northern Trust Corp (1.38%), Dimensional Fund Advisors LP (1.11%) and Bank of New York Mellon Corp (0.87%). Insiders that own company stock include Anne Mullins, Cheryl C Capps, Cheryl C Capps, Clark S Kinlin, David L Morse, David L Morse, Display Co Ltd Samsung, Edward A Schlesinger, Eric S Musser, John P Bayne Jr, John Z Zhang, Lawrence D Mcrae, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, R Tony Tripeny, Robert P France, Robert P France, Roger W Jr Ferguson, Stefan Becker, Thomas Peterffy, Wendell P Weeks and Wendell P Weeks.
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Shares of GLW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GLW stock can currently be purchased for approximately $30.07.

Corning (NYSE:GLW) has a market capitalization of $25.65 billion and generates $14.19 billion in revenue each year. The electronics maker earns $1.32 billion in net income (profit) each year or $0.73 on an earnings per share basis.

The company employs 57,500 workers across the globe.

Corning's mailing address is ONE RIVERFRONT PLAZA, CORNING NY, 14831. The official website for the company is www.corning.com. The electronics maker can be reached via phone at (607) 974-9000, via email at irinfo@corning.com, or via fax at 607-974-2063.